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Commercial bank Esquire Financial files for a $40 million IPO

May 31, 2017
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Esquire Financial Holdings, a Jericho, NY-based commercial bank with over $400 million in assets, filed on Wednesday with the SEC to raise up to $40 million in an initial public offering.

The Jericho, NY-based company was founded in 2006 and booked $16 million in revenue for the 12 months ended March 31, 2017. It plans to list on the Nasdaq under the symbol ESQ. Esquire Financial Holdings filed confidentially on October 13, 2016. Sandler O'Neill is the sole bookrunner on the deal. No pricing terms were disclosed.